Grupo Supervielle (NYSE:SUPV) Shares Down 4.7% – Should You Sell?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) were down 4.7% during mid-day trading on Thursday . The stock traded as low as $8.48 and last traded at $8.3850. 141,129 shares were traded during trading, a decline of 83% from the average session volume of 822,848 shares. The stock had previously closed at $8.80.

Wall Street Analysts Forecast Growth

SUPV has been the topic of several research analyst reports. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. UBS Group lowered their target price on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their price target on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Stock Performance

The company has a market capitalization of $729.29 million, a P/E ratio of -13.22 and a beta of 1.60. The company has a current ratio of 0.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $9.18 and its 200 day moving average is $9.28.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.67%. The business had revenue of $233.55 million for the quarter. As a group, equities analysts anticipate that Grupo Supervielle S.A. will post 0.44 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new stake in shares of Grupo Supervielle in the fourth quarter worth about $55,000. Van ECK Associates Corp increased its holdings in Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the period. Titan Global Capital Management USA LLC increased its holdings in Grupo Supervielle by 5.7% during the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after acquiring an additional 5,245 shares during the period. Cetera Investment Advisers lifted its stake in Grupo Supervielle by 29.3% in the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after purchasing an additional 14,365 shares in the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.